Islamabad, 13 June, 2017: The Competition Commission of Pakistan (CCP) signed a Memorandum of Understanding with the State Bank of Pakistan (SBP) for establishing arrangements between the two institutions for cooperation, collaboration and sharing of information.

The MoU will enable the CCP and SBP in effectively carrying out their respective statuary responsibilities by sharing unclassified information based on research conducted on different industries and markets of Pakistan.

Speaking at the occasion Ms. Vadiyya Khalil, Chairperson CCP, thanked SBP for extending their support in signing the MoU. She also added that the MoU will also assist both the institutions in undertaking advocacy initiatives for public awareness of Competition Act, 2010 and Banking Laws of Pakistan as CCP not only acts as a market enforcer but also as a market developer. Mr. Riaz Riazuddin, Acting Governor SBP further added that the MoU will also facilitate both the institutions in sharing unclassified information based on research conducted on different industries of Pakistan by CCP & SBP.